Q4 2024 Earnings Forecast for Beazer Homes USA, Inc. (NYSE:BZH) Issued By Wedbush

Beazer Homes USA, Inc. (NYSE:BZH) – Investment analysts at Wedbush increased their Q4 2024 earnings estimates for shares of Beazer Homes USA in a research report issued to clients and investors on Thursday, May 2nd. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $1.87 per share for the quarter, up from their previous estimate of $1.80. Wedbush currently has a “Neutral” rating and a $33.00 target price on the stock. The consensus estimate for Beazer Homes USA’s current full-year earnings is $4.66 per share. Wedbush also issued estimates for Beazer Homes USA’s Q1 2025 earnings at $0.44 EPS.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.35. The firm had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 14.20%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Separately, StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Friday.

Beazer Homes USA Trading Up 2.5 %

Shares of BZH stock opened at $27.69 on Friday. The company’s 50-day moving average price is $29.79 and its 200-day moving average price is $29.47. Beazer Homes USA has a twelve month low of $19.67 and a twelve month high of $35.93. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87. The stock has a market cap of $873.62 million, a price-to-earnings ratio of 5.35 and a beta of 2.25.

Institutional Trading of Beazer Homes USA

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in Beazer Homes USA by 60.5% during the third quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock worth $10,827,000 after purchasing an additional 163,760 shares during the period. Donald Smith & CO. Inc. increased its stake in Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after purchasing an additional 958,814 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Beazer Homes USA during the fourth quarter worth about $24,971,000. Campbell & CO Investment Adviser LLC purchased a new stake in Beazer Homes USA during the third quarter worth about $802,000. Finally, Lazard Asset Management LLC increased its stake in Beazer Homes USA by 207.9% during the third quarter. Lazard Asset Management LLC now owns 42,408 shares of the construction company’s stock worth $1,055,000 after purchasing an additional 28,634 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.